re: trading halt pending announcement
Confirmed. The "Cleanaway" Division will be sold.
Estimated $2.8 billion to be used for on-market buyback.
Dual listing in ASX and LSE to be completely restructured to be ASX only. This is because the dual listing has not worked. The shares in LSE always trade at a discount.
This will increase BIL's ASX index weighting.
My Comments:
Well, fellow shareholders. I think we might be getting a bigger Christmas present from BIL's share price, than what I was thinking of ($9.99). Time will tell.
BIL Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held